Weston M. Hicks was elected as Chairman of the Company in 2023. Mr. Hicks joined Alleghany Corporation as an Executive Vice President in 2002 and served as President and Chief Executive Officer from 2004 through his retirement at the end of 2021. During this time, he built Alleghany (now a subsidiary of Berkshire Hathaway Inc.) into a leading specialty insurance and reinsurance company with a complementary private equity business that owned eight platform companies in various non-financial industries. Prior to joining Alleghany, he was the Chief Financial Officer of the Chubb Corporation from 2001 to 2002. From 1991 until 2001 Mr. Hicks was an Equity Research Analyst with Sanford C. Bernstein & Co., Inc. and J.P. Morgan Securities, and prior to that he was a Managing Director with Moody’s Investors Service. Mr. Hicks started his career in public accounting in 1979 with what is now KPMG, and spent several years in commercial banking serving insurance companies. He is a member of the CFA Institute. Mr. Hicks has extensive finance, insurance, investment management, private equity and executive management expertise gained over the course of his more than 40-year career in the insurance and finance industries.
Suzanne F. Shank was elected as a director of the Company in 2021. Ms. Shank is President and the largest equity owner of Shank Williams Cisneros & Co., LLC and CEO of Siebert Williams Shank & Co., LLC (SWS). Prior to the forming of SWS in 2019, Ms. Shank was Chairperson and CEO of Siebert Cisneros Shank & Co., L.L.C., a firm which she co-founded in 1996 as a start-up investment bank and grew to become the first MWBE firm to rank within the Top 10 of all U.S. municipal debt underwriters and the first MWBE to lead a municipal underwriting over $1 billion in principal amount.
Ms. Shank has served on the board of directors of numerous public and private companies and currently serves as a director of Rocket Companies and Consumers Energy Company. Ms. Shank is also a member of the Wharton School’s Graduate Executive Board and Spelman College’s Board of Trustees, and is a member of the International Women’s Forum. Ms. Shank serves on the SEC’s Fixed Income Market Structure Advisory Committee.
Steven M. Yi was elected as a director of the Company in 2023. Mr. Yi is the Chief Executive Officer and co-founder of MediaAlpha, Inc. Prior to co-founding MediaAlpha in 2011, he served as the Chief Executive Officer of FareLoop, LLC from 2009 to 2011. From 2000 until 2009, Mr. Yi held leadership and management positions in several technology companies. Prior to 2000, Mr. Yi spent several years in the banking and consulting industries at Goldman, Sachs & Co. and Mercer Management Consulting (Oliver Wyman). Mr. Yi has extensive executive, technology and management expertise gained over the course of over 20 years in the insurance services and technology industries.